Hamilton Beach Brands (NYSE:HBB) Releases Earnings Results

Hamilton Beach Brands (NYSE:HBB) announced its quarterly earnings results on Wednesday. The company reported $0.12 EPS for the quarter, Zacks reports. Hamilton Beach Brands had a net margin of 5.10% and a return on equity of 20.03%.

Hamilton Beach Brands Stock Performance

Hamilton Beach Brands stock traded up $0.21 during trading hours on Wednesday, reaching $14.46. 25,774 shares of the stock were exchanged, compared to its average volume of 37,368. The stock has a market cap of $194.92 million, a P/E ratio of 6.15 and a beta of 0.03. The firm’s 50 day moving average is $14.59 and its 200 day moving average is $16.18. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.95 and a current ratio of 2.47. Hamilton Beach Brands has a 52-week low of $12.72 and a 52-week high of $23.30.

Hamilton Beach Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 3.3%. Hamilton Beach Brands’s dividend payout ratio is presently 20.43%.

Institutional Investors Weigh In On Hamilton Beach Brands

Hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its holdings in Hamilton Beach Brands by 8.2% in the 1st quarter. Empowered Funds LLC now owns 47,328 shares of the company’s stock valued at $920,000 after purchasing an additional 3,588 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Hamilton Beach Brands during the 1st quarter worth approximately $245,000. First Trust Advisors LP lifted its holdings in shares of Hamilton Beach Brands by 4.0% in the 2nd quarter. First Trust Advisors LP now owns 18,898 shares of the company’s stock valued at $338,000 after buying an additional 729 shares during the period. Lazard Asset Management LLC boosted its stake in shares of Hamilton Beach Brands by 4.4% in the second quarter. Lazard Asset Management LLC now owns 39,507 shares of the company’s stock valued at $706,000 after buying an additional 1,653 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in Hamilton Beach Brands by 305.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,775 shares of the company’s stock worth $50,000 after acquiring an additional 2,091 shares during the period. Institutional investors and hedge funds own 50.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on HBB shares. Wall Street Zen lowered Hamilton Beach Brands from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Hamilton Beach Brands in a research note on Friday, October 31st. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

About Hamilton Beach Brands

Hamilton Beach Brands Holding Company, together with its subsidiaries, designs, markets, and distributes small electric household and specialty housewares appliances in the United States and internationally. It offers air fryers, blenders, coffee makers, food processors, indoor electric grills, irons, juicers, mixers, slow cookers, toasters, and toaster ovens.